CLC launches forecasting tool
A new forecasting tool for businesses to assess the impact of coronavirus has been launched by the Construction Leadership Council (CLC).
Earlier this year, the CLC convened a coronavirus taskforce of leading figures from across industry to support businesses during these challenging times. ECA CEO Steve Bratt is a member of the taskforce.
The forecasting tool, which provides a methodology for assessing and reporting on cost implications resulting from the pandemic, can be used on future projects.
“It establishes a standard methodology to incorporate the cost impacts of the virus into estimates, provides clarity on exclusions and through the collection of industry wide data allows clients and supply chains to compare their project costs against an aggregated data set”, commented Simon Rawlinson, a member of the CLC taskforce.